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    50 Hwy & Todd George Pkwy Lee's Summit, MO 64063

    Sponsored
    For Sale
    $599,000

    Prime 2.42-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.42-acre commercial land parcel is strategically located at the intersection of E US 50 Hwy and Todd George Parkway in Lee's Summit, Missouri, zip code 64063. Offered at $599,000, this property presents a unique opportunity for developers. Its prime location offers easy access to major amenities and boasts a history of successful development proposals. The City of Lee's Summit previously approved a senior apartment project on this site, highlighting its suitability for high-density residential or mixed-use developments. The property is zoned CP-2, providing flexibility for various commercial ventures. This is a ready-to-develop site, eliminating the need for extensive pre-development work. The expansive lot size allows for substantial building potential, catering to a wide range of development plans. This location in Jackson County offers excellent visibility and accessibility, making it an attractive investment for both short-term and long-term growth. The property's potential is further enhanced by its proximity to established infrastructure and convenient access to major transportation routes. This is a rare opportunity to acquire a highly desirable commercial land parcel in a thriving Missouri community. Please note that this listing is part of a dual listing.

    Property Features for 50 Hwy & Todd George Pkwy

    General Information

    Property type
    Land
    Lot Size
    105,415 SF

    HighLights

    • $599,000 asking price for 2.42 acres of commercial land.
    • Located in Lee's Summit, MO, at E US 50 Hwy & Todd George Parkway (zip code 64063).
    • Previously approved for a senior apartment project by the City of Lee's Summit.
    • Zoned CP‑2.
    • Close proximity to major amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lee's Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.32702002434
    Latitude
    38.904669181724

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    FAQs

    What type of property is this?
    Land - Prime 2.42-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 50 Hwy & Todd George Pkwy Lee's Summit, MO.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price for 2.42 acres of commercial land.; Located in Lee's Summit, MO, at E US 50 Hwy & Todd George Parkway (zip code 64063).; Previously approved for a senior apartment project by the City of Lee's Summit.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Hwy & Todd George Pkwy Lee's Summit, MO 64063
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